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SQX Resources Limited
(Sydney:SQX)
SQX Resources Limited (SQX) vs. iShares MSCI Australia ETF (EWA)
SQX Resources Limited Business Overview & Revenue Model
SQX Resources Limited Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 0.00 | 0.00 | 25.18K |
| Gross Profit | 0.00 | 0.00 | 25.18K |
| EBITDA | ― | -886.00 | -1.25K |
| Net Income | -977.00 | -756.00 | -1.44K |
Balance Sheet | |||
| Total Assets | 2.33M | 3.31M | 3.96M |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 2.18M | 2.97M |
| Total Debt | 3.96K | 18.22K | 0.00 |
| Total Liabilities | 102.80K | 104.89K | 96.00K |
| Stockholders Equity | 2.23M | 3.21M | 3.87M |
Cash Flow | |||
| Free Cash Flow | -666.00 | -778.00 | -1.49K |
| Operating Cash Flow | -631.00 | -577.00 | -527.00 |
| Investing Cash Flow | -35.00 | -201.00 | -965.24K |
| Financing Cash Flow | -14.00 | -10.00 | 4.23M |
SQX Resources Limited Technical Analysis
SQX Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$13.54M | ― | ― | ― | ― | ― | |
47 Neutral | AU$5.98M | -4.58 | -38.30% | ― | ― | 61.60% | |
45 Neutral | AU$20.64M | -45.16 | ― | ― | ― | ― | |
44 Neutral | AU$5.67M | -10.69 | -38.56% | ― | ― | 21.62% | |
43 Neutral | AU$8.78M | -0.63 | -78.12% | ― | ― | -349.06% | |
38 Underperform | AU$4.73M | -5.00 | -26.98% | ― | ― | 4.35% |
SQX Resources Limited Corporate Events
SQX Resources has completed a maiden 2,509m reverse circulation drilling program at its Red Bird Gold Project in Arizona, using a slimline, high-mobility Grasshopper rig to operate efficiently in rugged terrain with a low environmental footprint. The campaign targeted five priority zones to test the continuity of the epithermal system historically explored by Homestake Mining, seeking to validate high-grade gold mineralisation and assess the presence of a broader lower-grade halo suitable for potential open-pit development.
All drill holes reached their target depths with strong sample recovery, and the resulting samples have been dispatched to ALS Tucson, with first assay results expected in about three weeks. Successful confirmation of both high-grade shoots and bulk-tonnage potential could materially advance Red Bird’s resource definition, move SQX into a more active exploration phase, and strengthen the company’s positioning in a Tier-1 gold jurisdiction, with a forthcoming period of intensified news flow anticipated as results are reported.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.18 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has notified the ASX that director Mr. Patrick Glovac ceased to be a director on 10 February 2026, with this notice following his last disclosure dated 13 January 2026. The filing details that while he holds no securities as a registered holder, he has indirect interests in fully paid ordinary shares, preference shares and options through entities including Murdoch Capital Pty Ltd, Kcirtap Securities Pty Ltd and GTT Global Opportunities Pty Ltd, clarifying his remaining exposure to the company’s equity after his board departure.
The notice outlines that Murdoch Capital Pty Ltd, under the Glovac superannuation and family accounts, holds a mix of fully paid ordinary shares and performance-related securities, while Kcirtap Securities Pty Ltd holds options and GTT Global Opportunities Pty Ltd holds additional fully paid ordinary shares. This disclosure provides transparency to investors regarding Glovac’s ongoing financial interests in SQX Resources despite his resignation from the board, aligning with ASX corporate governance and continuous disclosure obligations.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has notified the ASX of the cessation of 15,835,478 securities under the code SQXO due to the expiry of options or other convertible securities without exercise or conversion. The move reduces the company’s pool of potential equity dilution from these instruments, clarifying its capital structure for existing shareholders and potentially affecting future financing flexibility and market perceptions of its equity overhang.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has appointed experienced capital markets executive Bevan Tarratt as Executive Chairman, replacing outgoing chair Patrick Glovac with immediate effect. Tarratt, a former director and major shareholder of Locksley Resources and past chairman of Fenix Resources, brings a substantial track record in the U.S. minerals sector, large-scale transactions and development funding, and will be central to advancing SQX’s asset portfolio and growth ambitions.
The company highlighted Tarratt’s history in delivering shareholder returns, including overseeing the Iron Ridge Project’s path to production at Fenix Resources and securing major development capital packages in the UK and North Africa. Glovac, who led SQX through a key period of corporate development, will remain involved under a nine‑month consultancy arrangement to ensure a smooth board transition and ongoing corporate advisory support.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has appointed Dr Julian Rodney Stephens as a director effective 4 February 2026, and has disclosed his interests in the company’s securities in accordance with ASX listing rules. While Dr Stephens holds no shares directly, he has an indirect interest through the One Way Trust account, which controls 3,914,372 fully paid ordinary shares and 5,871,558 performance rights, signalling a substantial alignment of his incentives with shareholder value and the company’s future performance.
The filing confirms that Dr Stephens currently has no relevant interests in contracts related to the company, limiting potential conflicts of interest at the outset of his tenure. This level of transparency around a new director’s equity exposure is intended to provide clarity for investors and other stakeholders as SQX Resources strengthens its board and governance structure.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has appointed veteran geologist and mining executive Dr Julian Stephens as Executive Director to lead its exploration strategy and technical operations, following shareholder approval at the company’s 2025 AGM. With more than 25 years’ global experience and a standout record leading the discovery of the world’s largest natural rutile deposit at Kasiya in Malawi and driving Sovereign Metals’ market capitalisation from about $13 million to more than $230 million, Stephens’ appointment significantly strengthens SQX’s technical leadership and commercial capability as it advances its key Williams and Red Bird gold projects in the United States, positioning the company for potentially transformative exploration outcomes.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources has commenced a maiden 2,500-metre reverse circulation drilling program at its Red Bird Gold Project in Arizona through its 80%-owned subsidiary AM6 Mining LLC, marking a key operational milestone in its North American gold exploration strategy. The program, executed by Midnight Sun Drilling using a highly mobile, low-impact track-mounted rig, will test near-surface and deeper extensional gold targets previously validated by surface and underground sampling, including high-grade structures and potential bulk mineralisation zones in the Main Zone, Cave Tunnel area and Red Bird North; results from this campaign, expected from late February onwards, are intended to underpin work toward a maiden JORC resource and could materially influence the project’s scale, grade understanding and future development pathway.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources has reported bonanza-grade gold assays from underground sampling at its newly acquired Red Bird Gold Project in Arizona, with results up to 49.2 g/t gold confirming and in some cases exceeding historical data, and reinforcing the potential for both bulk and selective mining approaches. Together with exceptional gold-silver grades previously announced at the Williams Project in Montana, the completion of an 80% acquisition of AM6 Pty Ltd and a A$2 million capital raising has strengthened SQX’s balance sheet and advanced its strategic push into premier US mining districts, positioning the company for an accelerated drilling program and the systematic advancement of its high-grade North American portfolio.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources has reported high-grade surface chip channel gold assays from its Red Bird Gold Project in Arizona, including 11.5 metres at 3.0 grams per tonne gold with multiple higher-grade internal intervals, which corroborate historical sampling by Homestake Mining and support the interpretation of a potentially bulk-tonnage gold system. The new results, together with recent structural mapping that has identified visible coarse gold, strengthen confidence in the continuity and controls of mineralisation and are being incorporated into the design of an approximately 2,500-metre reverse circulation drilling program scheduled to begin shortly, thereby materially de-risking the project and advancing it toward its maiden drill test.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has announced the impending expiry of its listed options (ASX: SQXO), which are exercisable at $0.30 per option into fully paid ordinary SQX shares on a one-for-one basis. The company has dispatched personalised expiry and exercise notices to all registered optionholders, reminding them that the options cease trading on 4 February 2026 and must be exercised with cleared funds by 5:00pm AEST on 10 February 2026 or they will lapse worthless; any shares issued on exercise will rank equally with existing stock and be quoted on the ASX, with the final number of exercised versus lapsed options to be reflected in subsequent ASX filings.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.17 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has disclosed a change in the indirect holdings of director Patric Michael Glovac, reflecting an on‑market purchase of additional fully paid ordinary shares through his associated entity, Murdoch Capital Pty Ltd. Following the transactions on 7 and 8 January 2026, Glovac’s indirect interest increased by 120,000 shares for a consideration of $17,650, bringing Murdoch Capital’s holding to 890,000 fully paid ordinary shares, while his performance rights, options held via Kcirtap Securities, and interests via GTT Global Opportunities Pty Ltd remain unchanged, modestly strengthening director alignment with shareholders through increased equity exposure.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has reported a change in the indirect interests of director Patric Michael Glovac following an on-market purchase of 120,000 fully paid ordinary shares for $17,650 through Murdoch Capital Pty Ltd as trustee of The Glovac S/Fund A/C. The transaction increases Glovac’s indirect holding in SQX Resources’ ordinary shares while leaving his existing performance rights, options held via associated entities, and other indirect interests unchanged, signaling continued director alignment with shareholders through a larger equity stake.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
Mining Projects Accelerator Pty Ltd has notified SQX Resources Limited that it has ceased to be a substantial shareholder as of 7 January 2026. The change in status resulted from dilution following a share issue by SQX Resources, which reduced Mining Projects Accelerator’s voting interest by 2,695,700 shares, signalling a shift in the company’s ownership structure that may affect the influence of this former major holder on corporate decisions.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has issued 20 million fully paid ordinary shares as consideration to the shareholders of AM6 Pty Ltd, expanding its share base through this equity-based transaction. The company stated that the shares were issued without a prospectus under relevant Corporations Act provisions, and confirmed it remains compliant with its financial reporting and continuous disclosure obligations, with no undisclosed information material to investors’ assessment of the company or its ordinary shares.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited, listed on the ASX under the code SQX, has issued 30 million unquoted performance rights tied to milestones related to its AM6 Projects, with the securities not intended to be quoted on the exchange. The move, effective 7 January 2026, forms part of a previously announced transaction structure and is likely designed to align incentives with project performance, signalling management’s focus on advancing the AM6 Projects while potentially diluting existing holders if milestones are achieved.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has applied to the ASX for quotation of 20 million new ordinary fully paid shares, to be issued on 7 January 2026 under its existing capital management framework. The move expands the company’s listed securities base and signals an intention to increase liquidity and access to capital markets, with potential implications for existing shareholders through dilution and for the company’s funding capacity for future corporate or project activities.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources has secured final drilling permits from the US Bureau of Land Management for its Red Bird Gold Project in Arizona, enabling immediate commencement of road and drill pad construction and a maiden 2,500-metre reverse circulation drilling program this month. Partnering with contractor Midnight Sun Drilling, AM6 will test known high-grade gold structures and probe for extensions at depth and along strike, supported by recent structural mapping that identified visible coarse gold and LIDAR surveys of underground workings. These rapid, concurrent drilling and systematic sampling programs are aimed at accelerating definition of a maiden JORC resource and advancing SQX’s strategy to outline a potentially large-scale, open-pit bulk-tonnage gold deposit, marking a shift from project evaluation to active discovery with the prospect of sustained news flow for investors.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has completed the acquisition of 80% of AM6 Pty Ltd, securing majority ownership of the high-grade Williams gold-silver project in Montana and the Red Bird gold project in Arizona, following shareholder approval, due diligence and regulatory consents. The deal, paid through a mix of shares, cash and milestone-based performance rights tied to drilling and resource definition outcomes, marks a strategic shift that deepens SQX’s exposure to North American precious metals and aligns incentives to deliver exploration success, while the appointment of experienced economic geologist Dr Julian Stephens as Executive Director is expected to strengthen the company’s technical, operational and investor-engagement capabilities as it advances these projects.
The most recent analyst rating on (AU:SQX) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on SQX Resources Limited stock, see the AU:SQX Stock Forecast page.
SQX Resources Limited has announced a change in the director’s interest notice, specifically involving Patric Michael Glovac. The change includes the acquisition of 2,966,667 options as director incentives, valued at $0.0747 per option, with no disposals reported. This adjustment in securities holdings reflects strategic moves in the company’s governance and could impact its market dynamics.
SQX Resources Limited, listed on the ASX under the ticker SQX, has issued 12,187,500 fully paid ordinary shares at a price of $0.10 per share. This issuance was conducted without a disclosure to investors under Part 6D.2 of the Corporations Act 2001. The company has confirmed compliance with the relevant provisions of the Corporations Act and assured that no information has been excluded from its continuous disclosure obligations.
SQX Resources Limited has announced the issuance of 9,000,000 unquoted equity securities in the form of options, exercisable at 15 cents each, with a three-year expiration from the issue date. This move is part of a previously announced transaction, indicating strategic financial maneuvers to potentially enhance liquidity or fund future operations, impacting the company’s financial structure and possibly its market positioning.
SQX Resources Limited has announced the issuance of 13,333,333 unquoted equity securities in the form of options, exercisable at 15 cents each, with a maturity period of three years. This issuance is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s financial strategy and stakeholder interests.
SQX Resources Limited announced the quotation of 12,187,500 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 5, 2025. This move is part of previously announced transactions, potentially strengthening the company’s capital structure and enhancing its market position.
SQX Resources Limited has announced a proposed issue of securities, specifically 9,000,000 options exercisable at 15 cents with a maturity of three years from the issue date, which is set for December 5, 2025. This move is part of a placement or other type of issue and could impact the company’s capital structure and market positioning, potentially affecting stakeholder interests.
SQX Resources Limited recently held its Annual General Meeting where all resolutions on the agenda were unanimously passed. The resolutions included the adoption of the remuneration report, election of a director, approval of a 10% placement facility, ratification and approval of share issues for capital raising, and approval of options issuance to directors and the company secretary. These decisions reflect a strong consensus among stakeholders and are likely to support the company’s strategic initiatives and capital management efforts.